S&P Global Inc. (NYSE:SPGI) Holdings Trimmed by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,286 shares of the business services provider’s stock after selling 22 shares during the period. Accretive Wealth Partners LLC’s holdings in S&P Global were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 1.8% during the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the last quarter. FMR LLC lifted its holdings in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after purchasing an additional 28,458 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of S&P Global by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after purchasing an additional 26,300 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.5 %

SPGI opened at $539.77 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business has a 50-day moving average of $506.92 and a 200-day moving average of $506.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $167.49 billion, a PE ratio of 47.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter in the prior year, the firm posted $3.13 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $587.92.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.